v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease Assets and Liabilities
The following table details the amounts and locations of lease assets and liabilities on the consolidated balance sheets:
December 31,20252024
Balance Sheet Classification
Lease assets:
Operating lease ROU assetsOther assets$705 $591 
Finance lease ROU assetsEquipment, office facilities, and property — net35 47 
Lease liabilities:
Operating lease liabilitiesAccrued expenses and other liabilities$903 $816 
Finance lease liabilitiesLong-term debt37 49 
Lease Cost and Lease Term and Discount Rate
The components of lease expense are as follows:
Year Ended December 31,202520242023
Lease Cost
Operating lease cost (1)
$215 $215 $260 
Variable lease cost (2)
45 48 48 
(1) Includes short-term lease cost, which is immaterial.
(2) Includes payments that are entirely variable and amounts that represent the difference between payments based on an index or rate that is reflected in the lease liability and amounts actually incurred.
The following tables present supplemental operating lease information:
December 31,20252024
Lease Term and Discount Rate
Weighted-average remaining lease term (years)5.625.53
Weighted-average discount rate4.09%3.96%
Maturity of Lease Liabilities
Annual Maturities of Lease Liabilities
Operating Leases
2026$224 
2027223 
2028169 
2029107 
203082 
Thereafter214 
Total lease payments (1)
1,019 
Less: Interest116 
Present value of lease liabilities$903 
(1) Lease payments exclude $45 million of legally binding minimum lease payments for leases signed, but not yet commenced. These leases will commence beginning in 2026 with lease terms of 7 to 15 years.